Statistics released from the U.S. Treasury Department reveal that for the first time in history, the U.S. took in over $3 trillion in revenue, $3 trillion and 21 billion to be precise. That’s a $247 billion jump from the prior year. A significant part of the additional revenue largely came from huge tax hikes resulting from the expiration of the Bush tax breaks and Obamacare taxes.
Despite that, the government ran a $483 billion dollar deficit, even though key areas of federal responsibility, such as Defense and homeland security spent less. Even the Social Security Administration spent less.
The agencies that spent more included the Environmental Protection Agency, and the General Services Administration. And of course, spending on welfare type programs have increased significantly during the Obama years.
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Senator Tom Coburn (R-Ok) recently released his annual waste in government report, noting that:
“Ebola in america. Security breaches at the white house. Waves of unaccompanied minors and others pouring across our nation’s borders. The Russian red army on the move, marching into peaceful, democratic nations. Iraq in turmoil with oil fields pumping millions of dollars a day into the jihadist activities of radical Islamic terrorists.our nation’s heroes being killed, not by enemy combatants, but by the very veterans’ health system set up to care for them. The world increasingly appears to be in disarray with the chaos, confusion and uncertainty growing ever closer. All the while, the leadership in our nation’s capital is ever more distant, disconnected, and absent. And there is that government health care website that still does not work.”